Retirement Fund Deductions: One door closes, another opens

According to the 2011 Budget Review, 1 March 2012 will see the introduction of a new dispensation for permissible deductions towards retirement funds. There is a clear twofold message behind these changes, particularly when read together with the taxation of lump sum benefits: – higher income earners will have to make additional provision for retirement …

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Estate Planning Essentials

The dangers of an unsigned will and intestate succession. A will is essentially a contract one enters into with the person one wishes to take charge of dealing with all one’s assets (and liabilities) after one dies.  A non-existent, unsigned or incorrectly signed will can cause practical problems and place surviving family members and dependants …

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Vooruitsigte vir Suid-Afrika se beleidskoers

Volgens Arthur Kamp, Beleggingsekonoom, Sanlam Beleggingsbestuur het  “…….die opwelling in die binnelandse ekwiteitsmark vanaf die resessie-geïnduseerde laagtepunt in 2009, gehelp on ‘n terugspring in huishoudelike netto welvaart te stut, wat die herstel van huishoudelike verbruik verder ondersteun het.  In der waarheid het verbruikersbesteding die konsensus-verwagtinge op verrassende wyse deur die loop van 2010 oortref, met ‘n gemiddelde …

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Prospects for South Africa’s policy rate

According to Arthur Kamp, Investment Economist, Sanlam Investment Management  “……the surge in the domestic equity market from its recession induced low in 2009 has helped underpin a bounce in household net wealth, thus further supporting the recovery in household consumption.  Indeed, real consumer spending surprised consensus expectations to the upside through 2010, advancing, on average, …

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Executive Summary of Weekly Focus (by Group Advisory Services, Stanlib)

Market Comment STANLIB’s economist, Kevin Lings, continues to believe (even after recent weak numbers) that there is only a 20-30% risk of a “double-dip” recession in the near term, meaning that there is a 70-80% probability of continued, albeit slower, global growth.  Many top analysts/economists agree with this view, saying that it is quite normal …

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Estate Planning Esentials – The farmer and his will

A farmer’s will often tries to accomplish the equal treatment of family members, yet the wording of a will often leads to unenforceable wishes and major liquidity shortfalls in the estate. Issues that need to be discussed in full with the farmer before the will is drafted are:  Read on…..